Category: Global Debt Crisis
The analysis published under this category are as follows.
Wednesday, November 25, 2009
Which Big Western Country Will Default On Its Debts First? / Economics / Global Debt Crisis
By: Money_Morning
Martin Hutchinson writes: Volume in the credit default swap market for rich countries has soared and so have credit spreads, according to a recent Financial Times story, while volume in emerging markets CDS has stagnated. In other words, traders are betting against the governments with high budget deficits, like Britain and the United States, as well as against those with high debt levels, like Japan and Italy.
Wednesday, November 25, 2009
Looming Government Budget Deficits Will Make You Dirt Poor / Economics / Global Debt Crisis
By: Gary_North
"Everybody wants to go to heaven, but nobody wants to die." ~ Loretta Lynn
Loretta was singing about kicking the bucket. Kicking the can is what people do before they kick the bucket. It is also what Congress does before Treasury bills kick the bucket.
Read full article... Read full article...
Tuesday, November 24, 2009
Government Sovereign Debt Spirals / Economics / Global Debt Crisis
By: John_Mauldin
I have been writing about sovereign debt risk for some time. Japan, Spain, Italy and Portugal are all facing serious fiscal deficits and funding problems within a few years. But Greece may be the first country to hit the wall. In today's Outside the Box, we look at a short column by Ambrose Evans-Pritchard of the London Telegraph on the problems facing Greece. Greece will soon be faced with deciding which bad choice to make among a very small set of really bad, difficult choices.